JICPA issues revised Auditing and Assurance Practice Committee Statement No.83 "Practical Guideline on Quarterly Review"
JICPA published, on June 22, 2012, revised Auditing and Assurance Practice Committee Statement No. 83 "Practical Guideline on Quarterly Review."
It includes, among others, the following revisions.
・ Treatments for subsequent events have been added.
・ Items that auditors shall request to management to be included in written representations have been clarified, and some sections of the Appendix 2, Illustrative Examples of Written Representations, have been revised.
・ Terms such as “subsidiaries” and “other auditors” have been clarified and revised, in response to the new provision on audit treatments for financial information of components.
The revised statement No.83 has also reflected changes made to the Auditing Standards Committee Statement No.580.